A registered person supply exempt service including service by way of extending deposit, loan or advances in so far as the consideration is represented by way of interest or discount.
my query is whether the above any registered person is eligible for composition scheme or not?
the above registered person may be restaurant/outdoor catering service provider or any other supplier of goods.
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applicability of composition scheme
Replies (1)
then above case no. composition scheme is available to assesses who is exclusively engaged in trader, manufacturer and service provider ( Restaurant , catering ) and assesses may in engaged in supply of exempted goods or services. composition scheme is available pan wise not business wise.
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